Question: help!! 10. (1 point) What can we say about the economic profit of a firm producing at the minimum point of its AV curve, where

help!! 10. (1 point) What can we say about the economic

help!!

10. (1 point) What can we say about the economic profit of a firm producing at the minimum point of its AV curve, where price (P) is exactly equal to average total cost (ATC)? 11 (1 point) Suppose a perfectly competitive market has a demand change and firms are now making economic profits. a. Will firms begin to enter or exit that market? (Pick one) b. As a result of the entry or exit from part a., what will happen to the market supply curve

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